Crypto Market Rebounds with Ethereum and Altcoins Gaining Momentum
The crypto market is showing signs of recovery. Ethereum has climbed back above $2,000. Several altcoins, including Wormhole (W), DIONE, and Magnetix (MAG), have also seen significant gains.
Wormhole (W) has surged 41.7% in the past 24 hours, trading at $0.1218. This follows a low of $0.08551. The token has grown nearly 40% over the past week. CoinGecko reports that Wormhole has become one of the most active interoperability networks.It processes about 200,000 messages and $40 million in daily volume.The platform holds a total value locked (TVL) of $2.5 billion. Despite a previous drop from $1.4 to $0.08, Wormhole could reach $1.90. The Relative Strength Index (RSI) breakout on the daily chart is a positive sign. Analysts see key support around $0.0800 and resistance at $0.1100.
DIONE has surged 33.2% in the past 24 hours. The coin is up 70% over the past week and 95% over 30 days. This rally coincides with DIONEās upcoming āweek 4 FOMOā event.
Magnetix has climbed 25.5% in the last 24 hours. The Solana (SOL)-based meme coin has seen a 150% increase over the past week. It reached a new all-time high of $0.03575 today and has a market capitalization of $35 million.
- Wormhole (W) has surged 41.7% in the past 24 hours.
- DIONE has surged 33.2% in the past 24 hours.
- Magnetix has climbed 25.5% in the last 24 hours.
